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Journalize the adjusting entries required at December 31. On December 31, the following data were accumulated for preparing the adjusting entries for Flagship Realty: The
| Journalize the adjusting entries required at December 31. |
On December 31, the following data were accumulated for preparing the adjusting entries for Flagship Realty:
| The supplies account balance on December 31 is $5,225. The supplies on hand on December 31 are $1,275. | |
| The unearned rent account balance on December 31 is $5,700 representing the receipt of an advance payment on December 1 of five months rent from tenants. | |
| Wages accrued but not paid at December 31 are $2,485. | |
| Fees earned but unbilled at December 31 are $16,245. | |
| Depreciation of office equipment is $4,005. |
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
13th International Edition
1265533199, 978-1265533199
